- Volatility Indicator - Replacement for ATR - As each pair holds a different level of volatility, a stop loss can be set using this indicator rather than via a ratio 2:1, etc. e.g. 2 X Volatility Value = S/L... - This indicator averages the bodies of candlesticks over a default length of 14 periods. It also considers the length of shadows via a weighted average....
Shadow/Wick Moving Average - Moving Average comparing top and bottom Shadow / Wick length - Shadows represent price levels that have been hit, but did not close - Not an all-purpose, all-in-one indicator for entry and exit - Used as a visual aid to better understand price movement. For example. if price is bearish, but the Shadow MA is showing high, positive...
I have collected the four PivotBoss indicators into one big indicator. Eventually I will delete the individual ones, since you can just turn off the ones you don't need in the style controller. Cheers. Wick Reversal When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of a reversal increases since buyers...
Candlestick body and Wick Length Index (CWL) Shows a trend chart of candle body length and wick length. Green -> Candle body Red -> Candle Wick -- Invsto
Use this indicator/alerts when a wick touches one of the 5 EMA's (default 20,40,55,100,200 EMA, or you can set other MA types and lengths). Adjusted by Me for 20,40,55,100,200 EMA, other colors for EMA lines and tiny dots) Credits to user TradingView user: mgibson91 for base script.
This indicator is intended to evaluate the quality of the bullish candles (close > open). It will calculate the average size of the bullish candles from the last 200 periods. I'm assuming that a bullish candle with a superior wick or shadow equal or less than 25% of the total size of the bar is a good disruption candle. You can adjust at your own taste. Candles...
Measure of the total candle length, including the upper and lower wicks. Works best as a histogram in my opinion. Used as a quick reference for the high minus the low of each candle.